Johnson & Johnson plans to create an additional 100 jobs as part of a €100m expansion of its Vision Care facility in Limerick.
The company also expects to have 200 people employed in building the facility at the National Technology Park.
Johnson & Johnson currently “employs around 1,000 people in Limerick at the largest contact lens manufacturing facility in the world”, said the IDA.
“This will make it even bigger.”
At the announcement in Limerick Minister of State for Trade, Employment, and Business, Pat Breen, said the investment shows the Government is committed to bringing jobs to the regions.
“It is a huge vote of confidence in the Mid-West region,” said Mr Breen.
“The expansion, supported by the Government through the IDA, reflects the commitment of the Government and its agencies to pursue balanced and sustainable regional development.”
IDA chief executive Martin Shanahan said it is “a significant announcement” which shows the company’s commitment to Limerick.
“This expansion by Johnson & Johnson Vision Care of the Limerick facility represents not just a substantial financial investment but a considerable commitment to its Limerick operations,” said Mr Shanahan.
“The approximately 100 jobs being added, along with those being created in the construction phase, will greatly benefit the economy of the Mid-West region.
“Having a company of this stature continue to expand its operations enhances Ireland’s global reputation as a medical technologies centre of excellence and demonstrates how global companies can successfully operate in regional locations,” he said.